- Figure out your financing options
- Survey to find out your credit score
- Do your market research
- compare prices
- know your old car's worth
- Test drive potential purchase
- Former performance of the model
- Request any repair records
- Ask for a mechanic's advice
- know your rights
What are things to keep in mind before buying a new car?
While buying a car, you are making a long term deal and therefore you should be as judicious as you can. Some of the things that must not be ignored at any cost when you are choosing a car for yourself are as follows:
Buying a new car confuses a majority of people and many times you end up buying a car that makes you regret later. Below are some handy tips that will help you for sure:
1. Mileage
Petrol and diesel prices are soaring day by day and choosing a car that is not fuel friendly will cost on your pocket in the long run. Buy a car that offers you at least 15 km/l average.
2. Maintenance
Many people buy a car without thinking about its cost of service and maintenance. Year by year, these expenses increase and you may not be able to afford them. Buy a car which service and maintenance you can easily afford.
3. Resale Value
According to a study, the most drivers change their cars once every 5 years. So, if you are planning to buy a new car, go for such cars which have good resale value in the market.
4. Choose according to your need
You should always go for a car that is neither too big nor small. If you will have many passengers then you can buy big SUVs otherwise they are made for people who drive off road.
5. Offers and Discounts
The best period to buy a new car during the month end December. A lot of dealers at the end of year gives huge offers and discounts to get rid of last year’s model.